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Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market - Business (8) - Nairaland

Nairaland Forum / Nairaland / General / Business / Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market (27241 Views)

Naira Appreciates To N756.61/$ On Investors & Exporters' FX Window / Dollar Sells For N445 As Forex Scarcity Persists / Dollar Sells For N420, Naira Crashes In Value (2) (3) (4)

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Re: Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market by Paraman: 7:25pm On Mar 21
micxwell:
You better calm down. If you invested enough to give you atleast a $100 returns monthly then why worry. Meanwhile, the rate has gone back up on Rise.
Where did you get your news from?
Re: Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market by predictor1: 7:35pm On Mar 21
being:

True and false..For the pdp years $ was 120- 200.. what happened ? Of course our naira will be supported by cbn reserves cos 90% of our fx inflow is by crude which is mainly govt.. d IOCs repatriate most of theirs... so who else do u expect to supply $ to the market if not govt ? Now, by 2020, our production had really dropped and fx wasn't coming in as b4, so d supply of $ was from previous $ in d reserves and loans--that was d problem...Now with govt doing loan repayments and importing fuel they have nothing to supply d market hence d astronomical increase to N1,600
But can there be a positive difference now that oil price has risen and our production is going up?
Re: Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market by being(m): 7:47pm On Mar 21
predictor1:
But can there be a positive difference now that oil price has risen and our production is going up?
Yes
Re: Naira Strengthens Against The Dollar, Sells At N1400/$ On The Parallel Market by micxwell(m): 11:38am On Mar 22
Paraman:
Where did you get your news from?
The comment was specifically directed towards the person I replied to, not everyone. He uses Rise, and the advice was tailored accordingly.

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